Closed

$1,077,500

509 Atlantic Falls Trl, Black Mountain, NC 28711

4beds

3,579sqft

Single Family Residence

Built in 2007

1.55 Acres Lot

$1,060,800 Zestimate^®

$301/sqft

$4,260 Estimated rent

Home value

$1,060,800

$965,000 - $1.15M

$4,260/mo

Zestimate^® history

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$4,260/mo

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$4,260/mo

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$7,395/mo

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$7,395/mo

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What's special

Stunning mountain viewsPrivate custom log homePisgah national forest

Attention investors. The Catawba Falls Lodge has been one of the most successful vacation rental properties in the area for the past 10+ years. Year after year 6 figure plus gross rental income history. This private custom log home is in the gated community of Catawba Falls Preserve with stunning mountain views and miles of hiking trails into the Pisgah National Forest. The lot is located at the end of a cul de sac and offers private long range views of the Blue Ridge Mountains with beautiful sunrises. All furnishings and future rentals included in the sale for a true turnkey vacation rental property located just 15-20 minutes to the town of Black Mountain and 30-35 minutes to Asheville. Great property for a full time residence, second home, or income producing short term rental property.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 5
Full bathrooms: 4
1/2 bathrooms: 1
Main level bedrooms: 1

Primary bedroom

Level: Main

Great room

Features: Open Floorplan
Level: Main

Heating

Central, Electric, Forced Air, Heat Pump, Propane

Cooling

Ceiling Fan(s), Central Air, Electric, Heat Pump

Appliances

Included: Dishwasher, Disposal, Dryer, Gas Cooktop, Gas Oven, Microwave, Refrigerator, Washer/Dryer
Laundry: Main Level, Sink

Features

Cathedral Ceiling(s), Hot Tub, Kitchen Island, Open Floorplan, Walk-In Closet(s)
Flooring: Carpet, Tile, Wood
Basement: Daylight,Finished,Walk-Out Access
Fireplace features: Gas Starter, Great Room, Wood Burning

Interior area

Total structure area: 2,427
Total interior livable area: 3,579 sqft
Finished area above ground: 2,427
Finished area below ground: 1,152

Property

Parking

Total spaces: 1
Parking features: Driveway, Attached Garage
Attached garage spaces: 1
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2
Has spa: Yes
Spa features: Interior Hot Tub
Has view: Yes
View description: Long Range, Mountain(s), Year Round

Lot

Size: 1.55 Acres
Features: Cul-De-Sac, Orchard(s), Paved, Private, Sloped, Wooded, Views

Details

Parcel number: 063800433792
Zoning: Res
Special conditions: Standard
Other equipment: Generator Hookup

Construction

Type & style

Home type: SingleFamily
Architectural style: Other
Property subtype: Single Family Residence

Materials

Log, Stone
Roof: Shingle

Condition

New construction: No
Year built: 2007

Utilities & green energy

Sewer: Septic Installed
Water: Well
Utilities for property: Electricity Connected, Phone Connected, Propane, Underground Power Lines

Community & HOA

Community

Features: Gated
Security: Smoke Detector(s)
Subdivision: Catawba Falls Preserve

HOA

Has HOA: Yes
HOA fee: $1,200 annually
HOA name: IPM Property Management

Location

Region: Black Mountain
Elevation: 2500 Feet

Financial & listing details

Price per square foot: $301/sqft
Tax assessed value: $607,580
Annual tax amount: $5,915
Date on market: 2/25/2024
Cumulative days on market: 6 days
Listing terms: Cash,Conventional
Electric utility on property: Yes
Road surface type: Asphalt, Paved

Price history

Date	Event	Price
4/15/2024	Sold	$1,077,500-2%$301/sqft
Source: Canopy MLS as distributed by MLS GRID #4112211 Report a problem
3/24/2024	Pending sale	$1,099,500$307/sqft
Source: Canopy MLS as distributed by MLS GRID #4112211 Report a problem
2/25/2024	Listed for sale	$1,099,500-12%$307/sqft
Source: Canopy MLS as distributed by MLS GRID #4112211 Report a problem
10/29/2023	Listing removed	--
Source: Canopy MLS as distributed by MLS GRID #4068169 Report a problem
9/17/2023	Listed for sale	$1,250,000+85.2%$349/sqft
Source: Canopy MLS as distributed by MLS GRID #4068169 Report a problem
9/8/2014	Listing removed	$675,000$189/sqft
Source: Master Diamond Properties, Inc #568335 Report a problem
8/10/2014	Listed for sale	$675,000+733.3%$189/sqft
Source: Master Diamond Properties, Inc #568335 Report a problem
6/2/2005	Sold	$81,000$23/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,915	$872,360
2024	$5,915	$872,360
2023	$5,915 +41.5%	$872,360 +43.6%
2022	$4,180	$607,580
2021	$4,180 -1.4%	$607,580
2020	$4,241 -98.7%	$607,580 +22.3%
2017	$318,162 +9900%	$496,740
2016	$3,182	$496,740
2014	$3,182 +5%	$496,740
2013	$3,029	$496,740
2012	--	$496,740